Future Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
CRUDE OIL Jun 2022 (NYMEX:CL.M22)
Bear Market Rally (-75) - CL.M22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CL.M22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CL.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.M22
The long-term trend has been DOWN since Jan 24th, 2020 at 49.51
The intermediate-term trend has been DOWN since Feb 26th, 2020 at 49.40
The short-term trend has been UP since Apr 2nd, 2020 at 39.51
Smart Scan Analysis for CL.M22
Based on our trend formula, CL.M22 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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